Truvestments Capital LLC Purchases Shares of 937 Digital Realty Trust, Inc. (NYSE:DLR)

Truvestments Capital LLC acquired a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the third quarter, Holdings Channel.com reports. The firm acquired 937 shares of the real estate investment trust’s stock, valued at approximately $152,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in Digital Realty Trust in the 2nd quarter worth approximately $25,000. Gradient Investments LLC raised its stake in shares of Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares in the last quarter. American Capital Advisory LLC bought a new stake in shares of Digital Realty Trust in the 2nd quarter worth approximately $27,000. Private Ocean LLC purchased a new stake in shares of Digital Realty Trust in the 2nd quarter valued at $27,000. Finally, Asset Dedication LLC bought a new position in shares of Digital Realty Trust during the 2nd quarter valued at $31,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $193.95 on Wednesday. Digital Realty Trust, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $194.31. The stock’s 50 day simple moving average is $170.93 and its two-hundred day simple moving average is $157.26. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market cap of $64.34 billion, a price-to-earnings ratio of 162.98, a PEG ratio of 5.04 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 earnings per share. As a group, analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.52%. Digital Realty Trust’s payout ratio is 410.08%.

Analyst Ratings Changes

Several analysts have issued reports on DLR shares. JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Scotiabank increased their target price on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Truist Financial increased their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Jefferies Financial Group lifted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust has an average rating of “Hold” and a consensus price target of $170.37.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.